“Minimum Viable Product” is a venerable Silicon Valley concept. It argues that if you’ve got an idea for an app, you should release it early — when it’s got barely just enough features to be useful. Sure, the app might only do one thing. But if it does that one thing well, get it out there.
That way you get ahead of the competition. It also helps you figure out if anyone really wants or needs your product. “Don’t knock yourself adding a ton of features at first — just release the basic idea and see if people like it.”
Just figure out the minimum number of things a product should do, and begin there.
… and make it “Maximum Viable Product”